UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 16,799 Shares of Antero Resources Corporation $AR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Antero Resources Corporation (NYSE:AR) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 619,783 shares of the oil and natural gas company’s stock after purchasing an additional 16,799 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Antero Resources were worth $21,779,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AR. Eastern Bank bought a new stake in Antero Resources during the 2nd quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Antero Resources in the 2nd quarter worth approximately $29,000. Rakuten Securities Inc. bought a new position in Antero Resources in the 2nd quarter worth approximately $31,000. Sunbelt Securities Inc. acquired a new position in Antero Resources during the 3rd quarter worth $30,000. Finally, IFP Advisors Inc boosted its position in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AR has been the subject of several research reports. Raymond James Financial lifted their target price on Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Truist Financial dropped their price objective on Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Wolfe Research reissued an “outperform” rating and set a $48.00 price target on shares of Antero Resources in a research note on Thursday, July 30th. Finally, Benchmark increased their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.12.

Antero Resources Stock Performance

Shares of AR stock opened at $39.42 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The company’s 50 day moving average price is $36.02 and its two-hundred day moving average price is $37.04. The company has a market capitalization of $12.12 billion, a P/E ratio of 11.33 and a beta of 0.35.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.